2 Turkey Mountain Rd, Amherst, VA, 24521 | $638/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2 Turkey Mountain Rd, Amherst, VA, 24521 | $638/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Amherst at 2 Turkey Mountain Rd, Amherst, VA, 24521 uses $97,759 cash to close to unlock $7,650/yr annual cash flow and $638/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,443/mo payment keeps the spread at $638/mo. Purchase price stands at $294,900, and rental yield measures 9.77% with $2,400/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 144.55% and total cumulative return in cash records $141,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,443/mo payment rather than investor’s personal income.

Manufactured

Built in 2025

1.45 Acres lot

$N/A/sqft

No HOA

More details about the property

This is an exceptional opportunity to acquire a nearly 1,600 sq ft lakefront residence for less than $300,000, situated on over an acre of land. The property boasts stunning views of Mill Creek Lake and the surrounding mountains, making it a hidden treasure in Amherst County. Constructed to meet the U.S. Department of Energy's high-efficiency standards, the home features amenities such as a hybrid electric/heat pump water heater, a smart thermostat, Low E windows, and Energy Star appliances. The 8'x16' deck overlooking the lake is ideal for summer evening gatherings. Mill Creek Lake provides recreational facilities, including a park with a boat ramp, docks, and a designated swimming area with a beach. The location offers convenient access to Amherst, Lynchburg, and Charlottesville. The rendering is similar to the finished product but will offer a front porch as well.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24521, Amherst, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,778 (100%)
Owner Occupied HU	3,339 (69.9%)
Renter Occupied HU	856 (17.9%)
Vacant Housing Units	583 (12.2%)
Median Home Value	$291,324
Average Home Value	$363,179